SAN FRANCISCO--(EON: Enhanced Online News)--SunRun, the leading home solar financing company, today announced that founders Edward Fenster and Lynn Jurich received the Ernst & Young Entrepreneur Of The Year® 2010 Award in the Cleantech category in Northern California. According to Ernst & Young LLP, the award recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. Edward Fenster, CEO, and Lynn Jurich, President, were jointly selected by an independent panel of judges, and the award was presented at a gala event at the San Jose Fairmont Hotel on June 12, 2010.
“There has never been a more important time to bring clean energy to our country and we will continue expanding to bring affordable home solar to homeowners across the country.”
SunRun pioneered the power purchase agreement for home solar, allowing homeowners to go solar for as low as $0 upfront and pay monthly for their solar electricity. More than 4,000 homeowners have gone solar with SunRun, and the company grew 500% year-over-year in 2009 versus 2008.
“We are honored to be nominated and recognized for the effort of SunRun and our employees,” said Edward Fenster, CEO and co-founder. “There has never been a more important time to bring clean energy to our country and we will continue expanding to bring affordable home solar to homeowners across the country.”
The Ernst & Young Entrepreneur Of The Year awards celebrate their 24th anniversary this year. The program honors entrepreneurs who have demonstrated exceptionality in such areas as innovation, financial performance and personal commitment to their businesses and communities.
SunRun pioneered the Power Purchase Agreement (PPA) for residential solar in 2007 with the goal of providing every home with direct access to clean, affordable electricity. With SunRun, a homeowner can get home solar for as little as $0 upfront. SunRun provides peace of mind with complete solar maintenance, monitoring, repairs, insurance, and a money-back performance guarantee for all its customers. Based in San Francisco, SunRun now operates in five states (Arizona, California, Colorado, Massachusetts, and New Jersey), and is backed by more than $300 million in financing from U.S. Bank, Accel Partners, and Foundation Capital.
About Ernst & Young’s Entrepreneur Of The Year® Awards Program
Ernst & Young’s Entrepreneur Of The Year® is the world’s most prestigious business award for entrepreneurs. The award makes a difference through the unique way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Ernst & Young Entrepreneur Of The Year® celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.
Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young LLP is a client-serving member firm of Ernst & Young Global Limited located in the U.S.